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Alexandria Real Estate Equities Appoints Co-COOs

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Pasadena, CA-based Alexandria Real Estate Equities Inc., an urban office REIT uniquely focused on collaborative life science and technology campuses in AAA innovation cluster locations, recently revealed that it has appointed Jennifer J. Banks and Larry J. Diamond as co-chief operating officers.

Effective April 23, 2018, Banks will assume additional responsibilities related to leading the company’s risk management operations and will continue as general counsel and corporate secretary. Diamond will assume a national role overseeing the company’s real estate property operations and will continue as regional market director of Maryland.

“I am proud to recognize Jennifer and Larry as Alexandria’s first co-chief operating officers,” said Joel S. Marcus, chairman, chief executive officer and founder of Alexandria Real Estate Equities Inc. “Their new and expanded roles reflect our unwavering focus on strong operational excellence and sustained strategic growth, as well as the board’s full confidence in their leadership.”

Banks and Diamond, known leaders throughout the organization, bring to their latest roles a deep institutional knowledge and more than 36 years combined with Alexandria, according to a prepared company statement.

Banks joined Alexandria in 2002 and has served as the company’s general counsel since 2008. She is a seasoned attorney and in-house counsel with over 19 years of commercial real estate and related legal experience. In assuming leadership of the company’s risk management operations, where she has made immense contributions over the years, Banks will manage key areas of the program, including real property, environmental, anti-bribery and cyber security risk management. She will also continue to lead a team that advises the company on a range of legal matters, including acquisitions and dispositions, construction and development, litigation, investment, compliance, intellectual property, leasing, property management and joint venture.

Diamond, since joining the company in 1998 to open a regional office in Alexandria’s Maryland life science cluster, has led the strategic growth of the company’s Maryland asset base. He has more than 35 years of real estate property operations experience and expertise in all phases of property management, leasing and construction. With his longstanding commitment to excellence and his track record for successfully implementing operational efficiencies, including state-of-the-art building management systems and sustainability improvements, Diamond will now broaden his real estate property operations focus to the company’s entire North American asset base. He joins Alexandria’s executive management team with his new role as co-chief operating officer.